Economic Community Assessment on West Hollywood California Essay

westerly Hollywood is a city bodied in the County of Los Angeles in California, U. S. The city was founded in 1984 and currently, it has a population of 37,000 but the show swell at night and everyplace the weekends or during major howeverts much(prenominal) as Gay and Lesbian parades. The city is iodine of those notably populated with gays in the U. S with well oer 41% of the list population being gayThis reputation give discuss the economic enlarge of the westerly Hollywood urban center in terms of lodgment costs, types, ages, ownership etc, star sign incomes, resources available for families, major military controles, employment statistics and former(a) economic assessments of the city. Business The current calculate of businesses (sm wholly and large) in west Hollywood urban center is 1,654. Owing to the fact that the society is changing, much immigrants be coming in and the engineering is advancing, then, the business will grow to a higher level in the uns poiled future and that the fall of business units will expand geographically and size perspicaciousBusiness profiles Category Number State(California) retail/wholesale and manufacturers 860 53% Corporate headquarters 35 2% Service providers 487 29% Production T. V, radio, publishing etc. 70 4% Professionals 202 12% The main occupations of the good deal in the ara atomic result 18 design, cultural activities, small business and small surmount farming in the western helping of the city. Employment The top ten employers are Los Angeles County MTA, Pacific Design Centre, The Lot, House of Blues, The Vons Companies, Wyndham atomic number 5 Age Hotel, urban center of due west Hollywood, Hyatt West Hollywood, The Mondrian Hotel and Le Parc.These companies employ a bulky majority of the population especially the unripened adults between the ages of 24-44 years. The rate of unemployment in the City is currently at 2. 9%. tally to a survey conducted in 2000 on the employment st atistics of the region, the number of persons working all-inclusive time were 66% of the total population, 8% working part time, 3% were unemployed, 15% retired and 8% not falling in any category.Compared to the Los Angeles unemployment rate which is 3.5% and that of the United states which is right away at 3. 7% according to the in vogue(p) figures by the U. S federal agency of statistics(U. S Bureau of statistics 2006, (2006) Employment statistics, U. S Bureau of statistics) Housing Most of the houses were create during the mid-fifties and constitute about 30% of all the buildings in the city today. The rest were built later or earlier than that i. e. 1940s-16%, 1940s-8%, 1960s- 23%, 1970s-18%, 1980s-6%.And 1990s- 1% There has also been a number of hosing structures which were built in the ending five years but they are still under construction or have just been completed. There are in general 22,000 households in West Hollywood sedulous by the over 37,000 persons. Accord ing to information contained in the City of West Hollywood Housing element, 2000, the number of households that contain single persons has increased i. e. from 42% in 1994 to 55% in 1998.The number of households with children in the year 2000 was about 2% and the figure is expected to increase habituated that the number of lesbian and gay marriages is on the increase. The housing situation in West Hollywood City is considered favorable and even in surplus going by the number of houses which are currently vacant. Compared to another(prenominal) areas where there is shortage of housing units, the city boasts of an organized housing structure planned, designed and constructed in a sophisticated manner.Those houses occupied by the councils and the government authorities institutions such as schools etc comprise about 10% of the buildings while the rest are residential, manufacturing and business premises. All the business houses pay taxes to the local authority. The type of housing as set forth by the figure below shows that to a greater extent families are staying single per housing unit. Depending on the size and the ownership of house, the rent of the housing units range from $ 10,000 to as $60,000 annually. Most of the housing units are apartments